Penske welcomes new financial chief

Tracy Black arrives with wealth of experience in financial operations

Penske welcomes new financial chief
Tracy Black


Penske Transportation Group International (PTGI) has announced the appointment of Tracy Black as the new chief financial officer (CFO) for the group’s Australian and New Zealand operations.

A chartered accountant with a Masters of Business Administration and Accounting, Black will oversee the financial departments for PTGI and its subsidiaries – Penske Commercial Vehicles and Penske Power Systems.

Black was most recently director and international controller at Edgewell Personal Care and has held various positions in finance, accounting and internal control functions.

Her LinkedIn profile lists her as having a "proven record of achieving challenging business objectives" in industries such as fast-moving consumer goods (FMCG) and consumer packaged goods (CPG), and computer software and technology, managing P&Ls of up to $800m across Asia.

Queensland Truck Centre's Wayne Wallace was recently announced as general manager – retail truck sales at Penske Power Systems. Read more, here

She replaces Patti Paquette as PTGI’s CFO for Australia and New Zealand.

"Tracy is an engaging, down to earth individual who is passionate about team development, partnering with the business, and process improvement," PTGI president Randall Seymore says.

"Her background and experience equip her well to manage Penske’s financial operations as we continue to grow our businesses across Australia and New Zealand.

"I would also like to thank outgoing CFO, Patti Paquette, who will leave us shortly, having been re-assigned to Penske Automotive Group’s headquarters in Bloomfield Hills, Michigan as the director of internal audit."


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